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Business
CCP-affiliated hacker breaks into Treasury Department system in 'major incident'
An actor affiliated with the Chinese government recently hacked the U.S. Treasury Department in a "major incident," officials announced on Monday. In a letter obtained by FOX…
Vanmakers call for ‘moratorium’ on EV fines as UK electric sales flatline
Britain’s vanmakers have called on ministers not to penalise auto groups that miss electric vehicle sales targets next year, as flatlining sales remain at little more than half…
US egg production drops as prices continue to rise along with bird flu cases
Egg production in the U.S. dropped 4% in November as the price of eggs and cases of bird flu continue to rise across the country, according to a report from the United States…
Adani Group to divest $2bn stake in Wilmar joint venture
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Gautam Adani’s conglomerate will divest its 44 per cent…
US credit card defaults soar to highest level in 14 years
Experts are sounding the alarm over a new report indicating credit card loan defaults soared this year, warning the dam is about to break on Americans' record-high consumer…
Stockpicking funds suffer record $450bn of outflows
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Investors pulled a record $450bn out of actively managed…
Tortoise Media records almost £3mn loss ahead of Observer takeover
Stay informed with free updatesSimply sign up to the MediamyFT Digest -- delivered directly to your inbox.Tortoise Media, the digital start-up that this month agreed a deal to buy…
NYSE, Nasdaq to close Jan. 9 for national day of mourning following death of Jimmy Carter
The New York Stock Exchange (NYSE) and the Nasdaq will participate in the national day of mourning for the late President Jimmy Carter on Jan. 9 by closing their markets. The…
Visionary behind London’s Square Mile steps down after 44 years
Michael Cassidy looks out from his 20th floor Barbican flat over the City of London, a square mile of prime real estate that bears the imprint of a remarkable 44-year political…
Boeing shares fall after South Korea calls for inspection of 737-800 jets
Boeing shares were down Monday morning after South Korea announced it is launching an investigation into the nation's airline operations following the deadliest plane crash in…